T-Mobile US, Inc. $TMUS Holdings Decreased by Renaissance Technologies LLC

Renaissance Technologies LLC cut its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 74.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 280,807 shares of the Wireless communications provider’s stock after selling 803,000 shares during the quarter. Renaissance Technologies LLC’s holdings in T-Mobile US were worth $58,978,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TMUS. Price T Rowe Associates Inc. MD increased its stake in T-Mobile US by 30.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock valued at $5,643,511,000 after purchasing an additional 6,516,968 shares during the last quarter. State Street Corp lifted its position in shares of T-Mobile US by 4.3% in the 4th quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock worth $5,133,198,000 after buying an additional 1,047,624 shares during the last quarter. Capital International Investors boosted its holdings in shares of T-Mobile US by 8.2% in the 4th quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider’s stock valued at $3,014,754,000 after buying an additional 1,121,409 shares during the period. Invesco Ltd. boosted its holdings in shares of T-Mobile US by 10.5% in the 4th quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider’s stock valued at $1,772,638,000 after buying an additional 827,381 shares during the period. Finally, Norges Bank bought a new stake in shares of T-Mobile US during the 4th quarter valued at about $1,335,918,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TMUS shares. Oppenheimer upgraded shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price objective on the stock in a research note on Wednesday, April 29th. Scotiabank dropped their price target on T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, July 15th. Freedom Capital raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. JPMorgan Chase & Co. restated a “buy” rating on shares of T-Mobile US in a research report on Tuesday, May 19th. Finally, Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus price target of $252.88.

T-Mobile US Price Performance

TMUS opened at $180.09 on Monday. The stock’s 50 day moving average price is $184.53 and its 200 day moving average price is $195.62. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. The stock has a market cap of $193.18 billion, a P/E ratio of 18.86, a P/E/G ratio of 1.06 and a beta of 0.33. T-Mobile US, Inc. has a 12 month low of $165.66 and a 12 month high of $261.56.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The company had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. During the same quarter in the previous year, the firm posted $2.84 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, research analysts predict that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 annualized dividend and a yield of 2.3%. T-Mobile US’s dividend payout ratio is presently 42.72%.

Insider Buying and Selling

In other T-Mobile US news, COO Jon Freier sold 4,799 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the sale, the chief operating officer directly owned 217,168 shares in the company, valued at approximately $41,261,920. The trade was a 2.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andre Almeida purchased 5,097 shares of T-Mobile US stock in a transaction dated Friday, May 1st. The stock was bought at an average cost of $196.18 per share, with a total value of $999,929.46. Following the completion of the purchase, the insider owned 44,850 shares in the company, valued at approximately $8,798,673. This trade represents a 12.82% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.32% of the company’s stock.

Trending Headlines about T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: T-Mobile beat second-quarter profit expectations, with adjusted EPS of $2.99, helped by strong service revenue and customers moving to higher-priced premium plans.
• Positive Sentiment: The company raised its full-year free cash flow outlook, which is a key bullish signal for investors because it supports dividends, buybacks, and financial flexibility.
• Positive Sentiment: T-Mobile continued its share repurchase program, including a multibillion-dollar buyback tranche, reinforcing management’s confidence in cash generation.
• Positive Sentiment: Several analysts remain constructive even after trimming price targets, with multiple firms still rating the stock Buy or Overweight.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.